Bitcoin smashes through $25,000 on expected CPI news, new YTD high for Bitcoin

Quick Take

  • YOY Core CPI was forecasted to come in at 5.5%. The result was 5.5%
  • CPI year over year was forecasted to come in at 6.0%. The result was 6.0%.
  • Bitcoin has smashed through $25,000
  • Core inflation accelerates month-over-month from +0.4% in January to +0.5% in February.
BTC Price Chart
BTC Price Chart (Source: TradingView)

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Source: https://cryptoslate.com/insights/bitcoin-smashes-through-25000-on-expected-cpi-news/